after latest bullish diametric pattern. it most return to source of bullish motion. targets on the chart.
At first we had a downward momentum pattern that had to be returned to the source of motion . Now after five waves (A wave) a downward movement is done( B wave) then goes to the target
Impulse terminal - the whole pattern is returned
In this type of impulse, the waves enter in the range of each other
The impulse waves are finished and it muse correct
In my previous idea
Another scenario took shape
After the Diametric pattern
the wave after it , is progressing in a Chanel
The diametric pattern is advancing. it must break the resistance.
There is one wave left to do .
Fist target 1.7135
Target on the chart
Gold is building the fifth wave of the diagonal pattern
The target of wave five - 1920, then the whole pattern will be reversed
Next target will be around 1800
The third wave has begun
Description on the chart
After a correction continues to uptrend
I think WTI Oil is in this direction
i expect EURUSD goes this direction.
c wave is continued to 1820
pound is bullish
The G can also come downer , but the line in opposite of it will break
Due to the break out of RSI , I was convinced of this path